Which of the following reflects a “boom” phase in a capitalist economy? demand is high, supply is high, and employment is low. production increases and spending on goods is low. employment, profits, and incomes are low. employment, profits, and incomes are high.

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Which of the following reflects a “boom” phase in a capitalist economy? demand is high, supply is high, and employment is low. production increases and spending on goods is low. employment, profits, and incomes are low. employment, profits, and incomes are high.

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“Employment, profits and high incomes” would indicate a “boom” phase in a capitalist economy, as this is when people consume and eat more, leading to increased GDP.